Frank Hornstein Market Minute - January 25th
Welcome to the FAH Market Minute for January 25, 2023
I had comments from people that I was not speaking loud enough in the last video, so I am going to try and correct that today.
So everyone wants to know what is going on with the market. Projections are all over the place. Some days they are good and other days they are bad. Redfin economists expect interest rates to lower to 5.8% sometime this year and not much lower. Redfin is also projecting prices to drop 4% this year.
Some of the good news is that so far this month activity has been good. I am not sure what that means for the rest of the year.
Inventory is at a all time low. It’s lower than I have seen it since I started 10 years ago. If you thinking of listing do it now. There are people looking and there isn’t much to pick from.
That’s all for now. I hope to have good news the next time. Have a great week.
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Frank A. Hornstein 302-604-4746 cell/text - email@example.com
Office 888-543-4829 x401
144 Kings Hwy, Suite 301, Dover DE
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